Latest news with #DannyStepper
Yahoo
02-06-2025
- Business
- Yahoo
LA Libations founders back Just Ice Tea through new fund
The founders of US soft-drinks incubator LA Libations have invested in US firm Just Ice Tea through their new fund Taste Tomorrow Ventures. LA Libations founders Danny Stepper and Dino Sarti have teamed up with former PepsiCo, Sodastream and Disney executive Scott Guthrie to launch Taste Tomorrow Ventures (TTV), which has so far attracted $30m for its first fund. TTV's first investment is a "strategic equity partnership" with Just Ice Tea, a US-based iced tea brand, the fund said in a statement. Just Ice Tea was founded by Seth Goldman, the founder of Honest Tea, which was sold to The Coca-Cola Company in 2011. Coca-Cola discontinued the production of Honest Tea three years ago. Goldman has established Just Ice Tea at US retailers including Whole Foods Market, Target and CVS Health. Stepper said: 'We couldn't be more excited to partner with Seth Goldman and Just Ice Tea as our first investment. It's a brand that embodies the purpose, innovation, and momentum we want to partner with." TTV's fund has secured the backing of investors including aluminium giant Ball Corporation and US consultancy Advantage Solutions. The fund will focus on investing in early-stage and Series A companies, particularly those offering functional beverages and better-for-you snacks. Guthrie said: 'The next generation of consumers is looking for authenticity, transparency and better lifestyle choices and our first investment in Just Ice Tea perfectly illustrates that.' In April, US-based iced-tea firm The Ryl Company raised $15m in its Series B round, bringing the total amount it has raised to date to $30m. It also announced plans to expand into new markets with its Ryl Tea brand. 'We are still evaluating potential avenues,' the company said. 'However, it's all focused on better-for-you-focused markets, Canada being a strong option in the short term.' Across the Atlantic, UK iced-tea brand Harry Brompton's received a £2m ($2.7m) investment from the Leeds-based private investor Traditum in April. Owned by London-based Tudor Drinks, the brand will use the funds to make ground in convenience and wholesale segments and increase marketing activity, Harry Brompton's founder Ian O'Donohue told Just Drinks. "LA Libations founders back Just Ice Tea through new fund" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Taste Tomorrow Ventures Launches $30M Fund with First Investment in Just Ice Tea
Backing the next generation of beverage, food and snack brands LOS ANGELES, May 29, 2025--(BUSINESS WIRE)--Taste Tomorrow Ventures (TTV), a new venture capital firm focused on early-stage investments in the beverage, food, and snack industries, proudly announces the first close of its $30 million debut fund, TTV Fund I. The fund is backed by a strong lineup of strategic investors, including Ball Corporation, and Advantage Solutions. TTV was established by LA Libations founders Danny Stepper, Dino Sarti, and partner Scott Guthrie, who collectively bring over eight decades of experience building, scaling and investing in high-growth consumer brands. TTV Fund I will invest in early-stage and Series A companies that are redefining consumer experiences—from functional beverages to better-for-you snacks. In addition to capital, TTV provides hands-on operational support and deep industry connectivity across retail, supply chain, and strategic partnerships. The fund's first investment is a strategic equity partnership with Just Ice Tea, one of the fastest-growing iced tea brands in the U.S. This move reflects TTV's focus to back mission-driven companies with strong consumer traction and great leadership. "We couldn't be more excited to partner with Seth Goldman and Just Ice Tea as our first investment—it's a brand that embodies the purpose, innovation, and momentum we want to partner with," said Danny Stepper, Co-Founder. "We're proud to launch with the support of such an influential group of strategic investors," added Dino Sarti, Co-Founder. "Their belief in our vision strengthens our ability to support transformative brands and Founders." "The next generation of consumers is looking for authenticity, transparency, and better lifestyle choices, and our first investment in Just Ice Tea perfectly illustrates that," said Scott Guthrie, Managing Director. Final close for TTV Fund I is expected in late summer 2025. View source version on Contacts For more information contact Scott Guthrie at scott@ or visit: Error in retrieving data Sign in to access your portfolio Error in retrieving data
Business Wire
29-05-2025
- Business
- Business Wire
Taste Tomorrow Ventures Launches $30M Fund with First Investment in Just Ice Tea
LOS ANGELES--(BUSINESS WIRE)-- Taste Tomorrow Ventures (TTV), a new venture capital firm focused on early-stage investments in the beverage, food, and snack industries, proudly announces the first close of its $30 million debut fund, TTV Fund I. The fund is backed by a strong lineup of strategic investors, including Ball Corporation, and Advantage Solutions. TTV was established by LA Libations founders Danny Stepper, Dino Sarti, and partner Scott Guthrie, who collectively bring over eight decades of experience building, scaling and investing in high-growth consumer brands. TTV Fund I will invest in early-stage and Series A companies that are redefining consumer experiences—from functional beverages to better-for-you snacks. In addition to capital, TTV provides hands-on operational support and deep industry connectivity across retail, supply chain, and strategic partnerships. The fund's first investment is a strategic equity partnership with Just Ice Tea, one of the fastest-growing iced tea brands in the U.S. This move reflects TTV's focus to back mission-driven companies with strong consumer traction and great leadership. 'We couldn't be more excited to partner with Seth Goldman and Just Ice Tea as our first investment—it's a brand that embodies the purpose, innovation, and momentum we want to partner with,' said Danny Stepper, Co-Founder. 'We're proud to launch with the support of such an influential group of strategic investors,' added Dino Sarti, Co-Founder. 'Their belief in our vision strengthens our ability to support transformative brands and Founders.' 'The next generation of consumers is looking for authenticity, transparency, and better lifestyle choices, and our first investment in Just Ice Tea perfectly illustrates that,' said Scott Guthrie, Managing Director. Final close for TTV Fund I is expected in late summer 2025.
